A large part of the money that homeowners sell their homes for is the commission paid to real estate agents. This is typically 6% of the sales price and, while it may not sound like a lot, when you’re selling a million-dollar home, it adds up. That’s why it’s understandable that so many people wonder if they can skip the realtor altogether and sell their house “For Sale By Owner” or FSBO.

If you’re thinking of selling your NY property without a realtor, here are a few things you should know before making the leap.

FSBO isn’t for everyone. It’s best for experienced sellers who understand the process and have the time and resources to devote to it. But, even for those with the knowledge and experience to go it alone, there are still a number of hurdles to overcome before a sale can be completed.

One of the biggest obstacles is determining your home’s true market value. If you price your home too high, it will be hard to find a buyer. On the other hand, if you price it too low, you may miss out on a much higher sale amount. To make sure you get it right, it’s important to consult with a local expert.

Another key issue is navigating the mortgage process. There are a number of different types of loans, and each has its own unique set of requirements. It’s important to have an understanding of the lending process before you list your home, so you can address any potential issues that may arise during negotiations.

It’s also important to be aware of local laws and regulations that affect the sale of your home. For example, in most cases, you will need to run a preliminary title report before selling your home. This report helps to verify the title and ensure that there are no liens against the property. It’s also necessary to comply with zoning and housing codes, and it’s essential to have any necessary permits on hand.

Finally, it’s essential to have a solid marketing plan and a good advertising strategy to get your home in front of the right buyers. This includes creating brochures to leave at the property, posting on popular online real estate sites, and promoting your open houses. If you need help developing a marketing plan, consider working with a full-service real estate agency that offers a discount broker model, like Houzeo. We’ll get your home on the MLS in 24 to 48 hours for only a flat fee, which is less than what you’d pay a traditional agent!

If you’re ready to save thousands in real estate commissions, it’s time to start looking into How to Sell Your NY Property Without a Realtor. With Houzeo’s advanced technology and 5-star customer support, listing your home as a FSBO is a simple and straightforward process. Just give us a call and we’ll connect you with an expert in your area.